Bank exposure to Adani firms manageable, analysts say2 min read . Updated: 27 Jan 2023, 11:58 PM IST
CLSA estimates that the group has a bank debt of ₹70,000-80,000 crore out of the total ₹2 trillion of debt at the end of FY22
Mumbai: The exposure of Indian banks, primarily state-run lenders, to the Adani group has dropped to 40% of the conglomerate’s total debt as the group diversified its funding sources, including from bonds and foreign banks, according to analyst reports published after US investor Hindenburg Research alleged that the group engaged in accounting fraud and stock manipulation.
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